Super Duper Simple Book on Money
Alan Akina wants to educate people about finances in a way that makes sense to everyone, not just mathematical geniuses that can calculate the compound interest formula without a calculator. So he's created an e-book about money that anyone can follow, it's called Super Duper Simple Book on Money. He breaks down personal finance into five basic principles.
Read MoreBudget Year End Summary
For 2012, I’m focusing on using my Quickbooks reports to design a more realistic budget for the New Year. In the past, I tried creating a “utopia” style budget that was unrealistic and disappointing each month. Yet, before I can take on the task of formulating my budget, I need to really look at where my money went this year. I like how Newlyweds on a Budget calculated her expenses based on every $100 so I decided to do a similar calculation: For every $100 I spent.… $45...
Read MoreA Budget Recipe
It’s time to get creative when it comes to budgeting. Instead of listing the pros and cons and then explaining how to go about creating one, I’m going to experiment a bit here. I’m breaking it down into steps, like a recipe. Here’s my attempt at creativity (or a new perspective on budgeting): A Yummy Budget Recipe Light that fire under your butt and Pre-heat your bank account What are you spending? Do you even know? Look at one month’s worth of spending and add...
Read MoreWhen a Million Isn’t Enough
Saving for retirement is one of my goals for this year that I’m making progress on. I know that I’m getting a late start, but I have a bit of a cushion because I do expect to receive a pension upon retirement. However, my pension alone isn’t enough. And, according to an MSN article, I’m not the only one who may be a bit short come retirement. Not only that, the MSN article makes a point that $1,000,000 may not even be enough to retire on in some instances. Here’s...
Read MoreWhat Does Your Emergency Fund Look Like?
I just read an article on MSN.com stating that most people don’t have the recommended 6-months of living expenses saved up. Part of this is due to the crummy economy and the difficulty of saving that much money if work is sporadic. Take for instance a person who makes $50,000 and needs $3,000 per month for living expenses. (Okay. Maybe my figures are high because I live in an expensive city – please comment if this is the case). They need to save $18,000 for that 6-month cushion. If...
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